World oil supply was widely predicted to be peaking in the past decade. It has gone on increasing. What happened? Oil prices rose sharply, encouraging more exploration, more discoveries, new technologies, exploitation of marginal reserves. Probably there’s enough oil to last us for decades yet without pushing the price above $150 per barrel (The formatting of this piece is very ugly on the blog, so use a Readability view if you can) (2,500 words)